A documents checklist, a preparation order, a business plan outline and the commercial term loan calculator, written around Teton County, WY crews and lodges, plus links to official Wyoming and Teton County, WY websites.
Business Loan Documents Checklist for a Teton County, WY Landscaping Crew Covering Payroll
A Teton County, WY landscaping crew asking for working capital to cover payroll while customer invoices are still open can gather these papers before the first call. Each funding partner sets its own list, so a partner may want more than this or less:
- the last several months of operating-account bank statements, where deposits sit next to payroll debits
- payroll registers for those same months, with gross pay for each run
- the open-invoice list (an accounts receivable aging) giving each customer, amount and due date
- a sheet of what already goes out monthly: mower or loader loans, trailer leases, any advance
- a copy of the business's most recent tax filing and its current-year profit and loss figures
- the owner's photo ID and the entity papers filed with the Wyoming Secretary of State
- signed estimates or contracts for the jobs behind those open invoices
The Secretary of State's start-a-business page is in the official websites section on this page, for owners who want to check how the entity name is recorded.
How to Prepare for a Small Business Loan: A Teton County, WY Hardscape Crew's Order of Work
A Teton County, WY hardscape crew can work through these steps in order, finishing each one before the call:
- Name the cost. A plate compactor and a skid-steer breaker attachment, each with a written quote, make a narrower request than a general payroll cushion.
- Match the product to the life of the cost: a machine that lasts years points to equipment financing, and a gap of a few weeks points to working capital or a credit line.
- Run the payment at two terms on the term loan calculator and see what each monthly figure does to the crew's budget.
- Gather the papers from the documents checklist on this page.
- Check that the business name on the quotes, the bank account and the Wyoming Secretary of State filing match.
- Then phone (307) 248-6867, or send the request form instead. The form takes contact details, the company name and three ranges (time in business, annual revenue, requested amount); the quotes and the cost are talked through on the phone.
Sending the request form is not applying for credit; whether a credit check follows is the reviewing funding partner's call.
A Business Plan for a Loan Request, Outlined for a Jackson, WY Lodge Replacing Room TVs and Fridges
A lodge asking for a term loan to replace guest-room TVs and mini fridges does not need a long document. A few pages that follow this outline answer the questions a funding partner may raise; the third column is an invented lodge:
| Section | What goes in it | Lodge example |
|---|---|---|
| Summary | One paragraph: what the business does, how long it has operated, the amount asked for and its use | A Jackson, WY lodge asking for a term loan to replace the TVs and mini fridges in its guest rooms |
| The cost | Each quote with the item, the count and the price | Appliance quotes per room type, with delivery |
| Sales record | Monthly sales for the past two years, from the books or card statements | Room revenue by month from the booking system |
| Payments already owed | Monthly payments on loans, leases and advances the business carries now | A lease on the laundry machines |
| How the payment fits | Monthly cash left after costs, set next to the new payment | The calculator payment for the quoted amount beside monthly cash flow |
| People | Who runs the business and who would sign | The owners and the general manager |
Work on the building itself and buying a lodge are outside this site, so the outline covers movable equipment and the business that pays for them.
Pricing a Payment on the Commercial Term Loan Calculator Before Calling About a Jackson, WY Request
Give the commercial term loan calculator three numbers (amount, annual rate, months) and it shows a level monthly payment along with total interest and the total repaid. Credit-line draws, advances and leases are not modeled there.
Illustration only, invented figures: a dental office pricing an intraoral scanner and a chairside milling unit at $27,600 and an 11.15% annual rate pays $715.35 a month over 48 months; on a schedule of 48 rounded payments that totals $34,336.80, $6,736.80 of it interest. Over 36 months the payment is $905.55 and the schedule totals $32,599.80 ($4,999.80 of interest).
So in this example the shorter term raises the payment by $190.20 a month and lowers total interest by $1,737.00. The rate in a real offer comes from the funding partner, so the calculator figure is a starting point for the call, not a quote.
Official Wyoming and Teton County, WY Websites for Registration and Local Government
These official websites appear in this site's research with a working address. They are listed for reference only; Heathfield Commercial Capital is not connected to any of them, and rules or fees should be read on the sites themselves:
- Wyoming Secretary of State: Start a Business, the state page for registering a business entity
- Wyoming Department of Revenue, Excise Tax Division: Registration, for state tax account registration
- SBA Wyoming District Office
- Town of Jackson, WY official website
- Teton County, WY official website
By Heathfield Commercial Capital · Updated
